Hong Kong launches first regulated stablecoin-settled tokenized fund

Hong Kong has achieved a milestone in digital finance with the launch of a tokenized fund settled via the regulated HKDAP stablecoin. The initiative involves OSL HK, China Asset Management (Hong Kong), and Standard Chartered. OSL HK serves as the trading and settlement hub, China Asset Management provides the fund, and Standard Chartered acts as the custodian and tokenization agent. This integration enables 24/7 atomic settlement for fund subscriptions and redemptions, marking a shift toward commercial-scale tokenized financial infrastructure in the region.